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MARK TWAIN BANCSHARES ANNOUNCES SECOND INCREASE IN QUARTERLY DIVIDEND THIS YEAR

 ST. LOUIS, July 14 /PRNewswire/ -- The Board of Directors of Mark Twain Bancshares, Inc. (NASDAQ: MTWN) announced today a third-quarter dividend of $.21 ($.84 annualized rate) to be paid on Aug. 13, 1993 to shareholders of record of its common stock (par value $1.25) on July 28, 1993. This is the second increase in the common stock quarterly cash dividend this year, and follows the three-for-two stock split in the form of a 50 percent stock dividend distributed June 21, 1993.
 Such new quarterly rate of $.21 per share is a 10.5 percent increase following the 11.5 percent quarterly dividend increase announced in January and paid in February, 1993. This increase will be the 28th dividend increase in the 24 years since the company's public formation in 1969, and will be the 95th consecutive quarterly dividend. There have been four common stock splits in the company's history: two three- for-two splits in 1987 and 1993, and two two-for-one splits in 1979 and 1983.
 "Mark Twain attempts to pay to shareholders between 30 and 40 percent of earnings in the form of dividends," said John P. Dubinsky, Mark Twain president and chief executive officer. "As earnings continue at their strong pace, we are able to reward our shareholders with an appropriate dividend return while reinvesting a significant amount back into the company for future growth and expansion."
 Mark Twain Bancshares, Inc. is a 30-year-old bank holding company with 30 banking locations in three states: 18 throughout St. Louis, St. Louis County and St. Charles County; as well as five in Kansas City, Mo.; two in Shawnee, Kansas; and five in Belleville and Edwardsville, Ill. Mark Twain operates 43 brokerage locations in six states. Related financial services include: Mark Twain Capital Markets Group; Mark Twain Brokerage Services, Inc.; Mark Twain Public Finance Division; Mark Twain Commercial Finance Division; Mark Twain International Division; Mark Twain Leasing Division; Mark Twain Mortgage Division; and Mark Twain Trust Division. Mark Twain stock is traded over-the-counter under the NASDAQ symbol MTWN.
 -0- 7/14/93
 /CONTACT: Nancy Graves, 314-89-0712, for Mark Twain Bancshares Inc./
 (MTWN)


CO: Mark Twain Bancshares Inc. ST: Missouri IN: FIN SU: DIV

LD -- NY091 -- 1627 07/14/93 17:07 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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